Independent Franchise Partners LLP Increases Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Independent Franchise Partners LLP boosted its holdings in TKO Group Holdings, Inc. (NYSE:TKO - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,409,140 shares of the company's stock after buying an additional 235,420 shares during the period. TKO Group accounts for approximately 3.6% of Independent Franchise Partners LLP's holdings, making the stock its 16th biggest position. Independent Franchise Partners LLP owned about 2.00% of TKO Group worth $484,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in TKO Group by 559.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 178 shares of the company's stock valued at $26,000 after buying an additional 151 shares during the period. Geneos Wealth Management Inc. bought a new position in TKO Group in the fourth quarter worth approximately $32,000. Game Plan Financial Advisors LLC increased its holdings in TKO Group by 172.2% during the 4th quarter. Game Plan Financial Advisors LLC now owns 245 shares of the company's stock worth $35,000 after purchasing an additional 155 shares during the period. SBI Securities Co. Ltd. bought a new stake in TKO Group during the 4th quarter valued at $38,000. Finally, UMB Bank n.a. lifted its holdings in shares of TKO Group by 72.8% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the company's stock worth $39,000 after buying an additional 115 shares during the period. 89.79% of the stock is currently owned by institutional investors.

TKO Group Price Performance

Shares of NYSE:TKO traded up $1.45 during midday trading on Friday, reaching $149.41. 705,710 shares of the company's stock traded hands, compared to its average volume of 1,087,027. The company has a market cap of $25.57 billion, a P/E ratio of -355.73 and a beta of 0.90. The company has a fifty day simple moving average of $152.61 and a two-hundred day simple moving average of $142.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.17 and a current ratio of 1.17. TKO Group Holdings, Inc. has a 1 year low of $94.32 and a 1 year high of $179.09.

TKO Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.38 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. TKO Group's dividend payout ratio (DPR) is presently 7,600.00%.

Analyst Ratings Changes

TKO has been the subject of a number of research reports. Guggenheim upped their price objective on shares of TKO Group from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Pivotal Research reissued a "buy" rating and issued a $195.00 price objective (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Benchmark reissued a "hold" rating on shares of TKO Group in a research report on Monday, March 3rd. Morgan Stanley raised their price target on TKO Group from $128.00 to $160.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Seaport Res Ptn raised shares of TKO Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.36.

Insider Buying and Selling at TKO Group

In related news, major shareholder Patrick Whitesell purchased 108,476 shares of TKO Group stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $144.13 per share, with a total value of $15,634,645.88. Following the purchase, the insider now owns 915,852 shares of the company's stock, valued at approximately $132,001,748.76. The trade was a 13.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ariel Emanuel bought 115,952 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $143.85 per share, with a total value of $16,679,695.20. Following the acquisition, the chief executive officer now directly owns 1,031,804 shares in the company, valued at $148,425,005.40. The trade was a 12.66 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,795,794 shares of company stock worth $286,450,289 and have sold 5,833 shares worth $838,785. 53.80% of the stock is currently owned by insiders.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.